NIFTY DAILY OUTLOOK NOV 1, 2010

On Friday, market open negative and traded in a range with some selling however during final hour of closing session market attract huge buying from lower levels of the day and closed up in green. Overall it was the highly volatile trading session. Banks and FMCG attracted good buying whereas Metals and Realty were under selling pressure. Volume for the day was low. Market breadth was negative. Midcap and Small caps index closed down in red.

For the day, the level of 5990 and 5965 may act as a major support for the market and the level of 6045 and 6075 may act as a major hurdle. Market will be range bound and selling expected at higher level. For the week watchout level 6130 on upside and 5930 on downside, close above or below the same will decide the next move in market.

The Medium term trend will turn negative below the level of 5930.

"Spot Levels" Day trader can go long on nifty above 6045 with stop loss 6020 for target 6075 / 6100 and can go short below 5990 with stop loss 6020 for target 5965 / 5935.

INDEX RANGE

NIFTY: 6017.70
Range: 5965-6075
Resistance: 6045-6075-6100
Support: 5990-5965-5935

BANK NIFTY: 12330.80
Range: 12130-12525
Resistance: 12415-12470-12525
Support: 12245-12190-12130

Short term: Down (6130)
Medium term: UP (5930)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 1st November 2010

•Consider 10 minutes plus and minus in each prediction and act accordingly.
•Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
•Be cautious on 1st November, 2010; after that, the entire month of November is likely to yield benefits.
•Ganesha had asked you to be cautious during the end of October, which you must have taken note of.
•After the pre-opening time, the market may remain on the soft side till 9:40.
•From 9:40 to 10:45, market may show an upward trend.
•From 10:45 to 14:10, Nifty may show strength along with fluctuations.
•From 14:10 till the closing bell, market may be on the softer side.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK OCT 29, 2010

On Thursday, market open positive and with a step by step buying across all the indices market moved higher however in last half-hour of closing session market faced sudden heavy selling across all the indices and closed down in red below the psychological level 6000. Volume for the day was record high since March'10. Market breadth was negative. Midcap and Small caps index closed in negative. 

For the day, the level of 5960 and 5935 may act as a major support for the market and the level of 6020 and 6045 may act as a major hurdle. Market will trade flat to negative. Fertilizer and Pharma may attract buying.

The Medium term trend will turn negative below the level of 5930.

"Spot Levels" Day trader can go long on nifty above 6020 with stop loss 5990 for target 6045 / 6070 and can go short below 5960 with stop loss 5990 for target 5935 / 5910.

INDEX RANGE

NIFTY: 5987.70
Range: 5935-6045
Resistance: 6020-6045-6070
Support: 5960-5935-5910

BANK NIFTY: 12105.30
Range: 11975-12250
Resistance: 12140-12195-12250
Support: 12085-12030-11970

Short term: Down (6130)
Medium term: UP (5930)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 29th October 2010

•Consider 10 minutes plus and minus in each prediction and act accordingly.
•Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
•Spend your day in Diwali preparations as there's nothing fruitful at Nifty.
•From 9:15 to 9:50, Nifty will hover around the surface.
•From 9:50 to 10:55, Nifty will go upwards.
•From 10:55 to 12:40, it's a 'third class period' at Nifty

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK OCT 28, 2010

On Wednesday, market open negative with heavy selling across all the indices thru out the day however Metals out performed whereas Realty and FMGC under perform. Volume for the day was slightly higher then previous trading session. Market breadth was negative. Midcap and Small caps index closed in negative. 

For the day, the level of 5985 and 5960 may act as a major support for the market and the level of 6045 and 6070 may act as a major hurdle. Market will trade flat to negative and buying is expected at lower levels.

The Medium term trend will turn negative below the level of 5930.

Day trader can go long on nifty above 6045 with stop loss 6015 for target 6070 / 6095 and can go short below 5985 with stop loss 6015 for target 5960 / 5930.

INDEX RANGE

NIFTY: 6012.65
Range: 5960-6070
Resistance: 6045-6070-6095
Support: 5985-5960-5930

BANK NIFTY: 12182.70
Range: 12180-12510
Resistance: 12230-12300-12355
Support: 12140-12085-12030

Short term: Down (6130)
Medium term: UP (5930)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 28th October 2010

•Consider 10 minutes plus and minus in each prediction and act accordingly.
•Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
•Today & tomorrow are the days with high volatility, in this week.
•From 12:30 to 14: 10, it's a confusing period with sudden ups and downs, high risks, wide fluctuations, movement in heavyweight scrips. In short, a useless period.
•From 14:10 to 15:30, the market breadth may become negative due to the effect of European Market, but it's difficult to say by how many points.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK OCT 27, 2010

On Tuesday, market open flat and traded in the negative range thru out the day, with selling across all the indices however Auto and Realty out performed whereas Metals and Banks under perform. Overall it was the highly volatile trading session. Volume for the day was lower then previous trading session. Market breadth was negative. Midcap and Small caps index closed flat. 

For the day, the level of 6065 and 6045 may act as a major support for the market and the level of 6105 and 6130 may act as a major hurdle. Market will be flat and will trade in a range. Metals and Telecom may attract selling pressure, Realty may attract buying.

The short term trend will turn positive above the level of 6130.

Day trader can go long on nifty above 6105 with stop loss 6085 for target 6130 / 6150 and can go short below 6065 with stop loss 6085 for target 6045 / 6020.

INDEX RANGE

NIFTY: 6082
Range: 6040-6130
Resistance: 6105-6130-6150
Support: 6065-6045-6025

BANK NIFTY: 12332.70
Range: 12180-12510
Resistance: 12390-12450-12510
Support: 12290-12230-12180

Short term: Down (6130)
Medium term: UP (5930)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 27th October 2010

•Consider 10 minutes plus and minus in each prediction and act accordingly.
•Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
•From 10:45 to 12:40, it's a risky time. Overall, the trend is upward. But, there may be a small correction at Nifty at 11:10, 12:02, 12:40.
•From 12:40 to 14:10, Nifty goes upwards.
•From 14:10 to 14:40, Take a 'chhota sa break'. No point taking a position

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK OCT 26, 2010

On Monday, market open higher and traded in positive range thru out the session, but as expected selling pressure came in market at higher levels. FMCG and IT were under selling pressure whereas Auto and Metals out performed. Overall it was the highly volatile trading session. Volume for the day was higher then previous trading session. Market breadth was positive. Midcap and Small caps index closed in positive. 

For the day, the level of 6080 and 6055 may act as a major support for the market and the level of 6125 and 6150 may act as a major hurdle. Profit booking expected, it is advisable to sell on rise. Banks and IT may attract selling pressure.

The short term trend will turn positive above the level of 6130.

Day trader can go long on nifty above 6125 with stop loss 6100 for target 6150 / 6180 and can go short below 6080 with stop loss 6100 for target 6055 / 6025.

INDEX RANGE

NIFTY: 6105.80
Range: 6055-6150
Resistance: 6125-6150-6180
Support: 6080-6055-6025

BANK NIFTY: 12424.70
Range: 12290-12560
Resistance: 12455-12510-12560
Support: 12390-12340-12290

Short term: Down (6130)
Medium term: UP (5760)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 26th October 2010

•Consider 10 minutes plus and minus in each prediction and act accordingly.
•Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
•Nifty showed a movement of 8 points during last week; so what's the point in taking a long position?
•Don't rely on the pre-opening time till 12th November, 2010, as apparently it may be an illusion. Overall, it may have a soft side.
•Nifty may show strength in November 2010. It will hold on to the psychological figure. However, there's no point blaming Ganesha, if your stars do not show the sign of profit.
•Nifty will make you do jobbing in initial 45 minutes; however, avoid taking new position, says Ganesha.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH